This article was recently published on and is reproduced with permission

Kevin_Scully_300Kevin Scully, executive chairman of NRA Capital. NextInsight file photoCHINA ANIMAL HEALTHCARE shares hit a recent high of S$0.29 yesterday.

There is still no firm announcement on its possible delisting although its 10 April 2013 announcement on a fund raising exercise with Lily Nederland Holdings BV for S$120mn provides the much needed funds for the exercise.

The subscription price for the new shares and warrants is S$0.30 which is also the indicative exit offer price of China Animal of S$0.30 should it decide to proceed with its delisting plans. 

Given that these plans are now likely to proceed with the requisite funding now in place, and with the exit price just 3.44% higher than yesterday's price of $0.29 - there is little further upside for existing shareholders.

Investors who are not prepared to go through the proposed delisting exercise should and when it is triggered, should considering selling their shares in the market now.

With limited upside to the share price which is now capped at the indicative exit offer price, I am removing China Animal Healthcare from my Stock Pick lists.  I had recently added the stock to my Stock Picks when the share declined to S$0.24.

Recent story: YONGNAM, CHINA ANIMAL HEALTHCARE: What analysts now say.....

You may also be interested in:

You have no rights to post comments

Counter NameLastChange
AEM Holdings3.280-
Avi-Tech Electronics0.250-
Best World1.7100.030
Broadway Ind0.091-0.001
China Sunsine0.395-
Delfi Limited1.130-
Food Empire1.090-
Fortress Minerals0.310-
Geo Energy Res0.280-
GSS Energy0.027-0.001
Hong Leong Finance2.4900.010
Hongkong Land (USD)3.2000.010
ISDN Holdings0.3350.005
IX Biopharma0.0440.001
Jiutian Chemical0.026-
KSH Holdings0.3000.010
Leader Env0.052-0.001
Medtecs Intl0.1410.001
Nordic Group0.400-
Oxley Holdings0.100-
REX International0.164-0.002
Sinostar PEC0.135-
Southern Alliance Mining0.660-0.010
Straco Corp.0.470-
Sunpower Group0.2500.010
The Trendlines0.091-
Totm Technologies0.038-
Uni-Asia Group0.900-0.005
Wilmar Intl3.580-0.040
Yangzijiang Shipbldg1.5100.020

We have 1115 guests and no members online

rss_2 NextInsight - Latest News